U.S. and EU sanctions on Russia’s dark fleet and Iran are removing tankers from circulation, driving up VLCC demand.

Gunvor’s Clearlake shipping operation is said to have taken the 114,000-dwt LR2 Fezzan (built 2021), owned by General ...

State-owned giant Cosco Shipping Energy Transportation (CSET) is expanding its tanker fleet with new orders. A filing revealed directors have approved the construction of two aframaxes, two LR2s and ...

Capital Clean Energy Carriers (NASDAQ:CCEC – Get Free Report) and Okeanis Eco Tankers (NYSE:ECO – Get Free Report) are both small-cap transportation companies, but which is the superior investment? We ...

Chinese newbuilding orderbook exceeds $123 bln. Find the latest news from the maritime industry on the PortNews website.

Nigeria’s roads have become a killing field, with fuel tanker crashes and fires claiming thousands of lives over the past 15 years. The statistics are staggering: About 3,445 people, according ...

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 715 points, hitting its lowest in 23 months. The capesize index slipped 35 points to ...

The Federal Fire Service, FFS, has called on tanker owners across the country to equip their vehicles with anti-spill locks to avert further petrol tanker explosions that can cause loss of life ...

LAHORE: The oil marketing companies (OMCs) have sought the entry of oil tankers to Lahore round the clock and urged the government to exempt them from any timeline related to the POL supply to ...

Peshawar, Jan 28 (PTI) A convoy of oil tankers was attacked by unidentified armed men in the troubled northwest Pakistan to disrupt the supply of diesel and petrol to Kurram district, police said.

Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an acid test of Moscow’s ability to get around aggressive measures imposed by ...

Despite US sanctions, Russia continues to ship crude to India using tankers blacklisted by the US Treasury. Five shipments carrying Arctic and Sakhalin Island oil are currently en route to India.